Traduction de «Supply reserves by central banks » (Anglais → Français) :

In response to (b), parkas were provided to those involved in the event, including: officials from Canada, the Minister of Finance, Tiff Macklem, Associate Deputy Minister of Finance and G-7 Deputy for Canada, Mark Carney, Governor of the Bank of Canada; from France, Christine Lagarde, Minister of the Economy, Finance and Employment, Christian Noyer, Governor of the Bank of France, Ramon Fernandez, Director of the Treasury; from Germany, Wolfgang Schäuble, Minister of Finance, Axel Weber, President of the Deutsche Bundesbank, Jörg Asmussen, State Secretary for the Ministry of Finance; from Italy, Giulio Tremonti, Minister of the Econo ...[+++]my and Finance, Mario Draghi, Governor of the Bank of Italy, Vittorio Grilli, Director for International Financial Relations; from Japan, Naoto Kan, Minister of Finance, Masaaki Shirakawa, Governor of the Bank of Japan, Rintaro Tamaki, Vice Minister of Finance for International Affairs, from the United Kingdom, the right hon. Alistair Darling, Chancellor of the Exchequer, Mervyn King, Governor of the Bank of England, Michael Ellam, Managing Director, International and Europe, International and Finance Directorate; from the United States of America, Timothy Geithner, Secretary of the Treasury, Ben Bernanke, Chairman of the Federal Reserve System, Lael Brainard, Counselor to the Secretary of the Treasury; from the European Central Bank, Jean-Claude Trichet, President of the European Central Bank; from Eurogroup, Jean-Claude Juncker, Prime Minister; from the European Commission, Joaquin Almunia, Commissioner for Economic and Monetary Affairs, Marco Buti, Director General of Economic and Financial Affairs; from the International Monetary Fund, Dominique Strauss-Kahn, Managing Director, John Lipsky, First Deputy Managing Director; from the World Bank, Robert Zoellick, President, Jeffrey Lewis, Senior Adviser and Head of the International Policy and Partnerships Group; from the Financial Stability Board, Rupert Thorne, Deputy to th ...

2. Paragraph 1 shall not apply to publicly owned credit institutions which, in the context of the supply of reserves by central banks, shall be given the same treatment by national central banks and the European Central Bank as private credit institutions.

21.3. The provisions of this Article shall not apply to publicly owned credit institutions which, in the context of the supply of reserves by central banks, shall be given the same treatment by national central banks and the ECB as private credit institutions.

—Counterparties eligible for intervention at the margins in ERM II may also conduct such intervention directly with the ECB, provided that they also have the status of eligible counterparties for executing foreign exchange transactions with the ECB pursuant to Guideline ECB/2000/1 of 3 February 2000 on the management of the foreign reserve assets of the European Central Bank by the national central banks and the legal documentation for operations involving the foreign reserve assets of the European Central Bank .

Counterparties eligible for intervention at the margins in ERM II may also conduct such intervention directly with the ECB, provided that they also have the status of eligible counterparties for executing foreign exchange transactions with the ECB pursuant to Guideline ECB/2000/1 of 3 February 2000 on the management of the foreign reserve assets of the European Central Bank by the national central banks and the legal documentation for operations involving the foreign reserve assets of the European Central Bank

For example, with reserves that the bank had to hold with the central bank, if the economy became overheated, the central bank could raise the amount of reserves the banks had to put up, so that would restrict capital without increasing interest rates.